About this property
Opportunity to purchase a commercial unit with ground floor retail space and planning permission for 2 x 2 bed apartments.
A great size commercial unit located in a popular and buoyant area on St James Street, Newport. A great location for independent and boutique retailers, neighboring businesses include Dragonfly, Tamarind and St James Clinic.
The major benefit for this part of town is the on-street parking and easy access to the bus station and town centre.
Newport is the principle town of the Island and offers amenities including St Mary’s Hospital, various primary and secondary schools, doctors surgeries, churches, cinema and the Isle of Wight County Hall. Various food stores are located throughout the town including Lidl, Asda, Morrisons & Sainsburys. The 2011 Census shows a population of circa 25,500.
Offered for sale is this spacious commercial unit. The ground floor retail unit consists of approximately 114 sq m (1227 sq ft).
The first and second floors are separately accessed and were previously used as offices, but now have the benefit of planning permission for 2 x 2 bedroom apartments.
The granted accommodation is as follows;
Open plan Kitchen / Living Room
The same applies to the second floor.
There is also rear access from Trafalgar Lane.
Our client is asking guide price £275,000 for this freehold property.
Planning permission was granted in September 2022 under reference No. 22/00977/FUL for change of use of first and second floor offices (Class E) into two residential flats (Class C3).
All viewings to be arranged via HRD Commercial.